The National Electric Power Regulatory Authority approved an increase of upto Rs7.12 in the tariff for electricity consumers in the country.
Consumers using less than 200 unites will be exempt from the price increase for three months.
The price increase will be applicable across the country and will also impact K-Electric consumers.
This translates to an additional burden of hundreds of billions on consumers this fiscal year. This is the largest percentage increase in electricity prices for low-income groups in Pakistan’s history.
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According to the power division, the average electricity price has increased by Rs4.55 per unit, pushing the national average uniform rate from Rs29 to Rs35.50 per unit. This translates to a significant price hike for consumers across the board.
The government has implemented a tiered system, with the most significant increases affecting those consuming 1 to 100 units per month. This segment, primarily consisting of the poorest households, faces a hike of Rs3.95.
Furthermore, the government has introduced fixed monthly charges ranging from Rs200 to Rs1,000 per unit for residential consumers, adding another layer of financial strain.
